When I am limited to the actions of one algo trading bot, it does limit what I have to wax on about. Today’s post is mostly anticipation. When I reactivated the Octane bot in late July, I got the previous version of this algorithm. (To avoid confusion, the octane trading bot has eight different algorithms dictating how it interacts with the forex market. One of those algorithms is specifically designed to take advantage of some actions typically seen with the EURUSD forex pair. I say “typical” because forex has had some untypical behavior this year.)

Octane claims this algorithm “takes control” a couple of times per year. The last time it occurred was right after I reactivated the bot. Within a couple of weeks, the bot grew my account by nearly 10%. Besides the various positions shown in the above graphic, the drawdown on my account has increased. Recently, the drawdown has been low single digits. Starting Monday, the drawdown moved up a few percentage points. Before the EURUSD algorithm gives up control, the drawdown is certain to go up more.

Still searching for the next “steady and consistent” passive income device. I prefer it not be slow, but having been “nurped” this summer, fast is over-rated.